Yearly Archives: 2007
State Street to buy Hub investment firm: $4.5B stock deal would make them leader in services for hedge funds
Patriot Ledger – After searching in the last two years for another major acquisition, State Street Corp. CEO Ron Logue finally found what he was seeking just a mile from his office. State Street unveiled plans yesterday to buy Boston-based […]
Fortress flotation prompts investor frenzy
MSN MoneyCentral – Fortress Investment Group, which on Thursday will become the first US hedge fund and private equity group to go public, is generating intense demand for its shares among investorsanxious to grab a slice of the flotation, which […]
The stars dim a bit
Boston Globe – Convexity Capital Management, the record-setting hedge fund launched by former Harvard Management Co. stars famous for beating the markets, couldn’t keep up in 2006. Convexity’s $6 billion hedge fund offers clients a variety of investment strategies. Each […]
New hedge funds raised less money in 2006
Herald Tribune – New hedge funds around the world attracted less investment capital in 2006 for the second year in a row after a rout in emerging markets and the collapse of Amaranth Advisors. The 86 largest new hedge funds […]
Lower-cost way to protect a portfolio
Seattle Times – Investments that march to their own drummer, rather than in lock-step with the stock market, can protect a portfolio. That’s the goal of classic hedge funds  not the risky ones that grab headlines. But hedge funds […]
Swiss Financial enters hedge fund admin space
Asian Investor – Swiss Financial Services has become the latest provider to enter Asia’s growing hedge-fund administration space, setting up shop in Singapore. The move marks the first Asia foray by the Zurich-based firm and comes at a time when […]
EU watchdogs shift stance on hedge fund indexes
Reuters Italia – European Union market regulators said on Tuesday they would allow indexes that track hedge funds to be included in cross-border funds popular with small investors, but under strictconditions. The Committee of European Securities Regulators signalled a shift […]
FIG plans first U.S. hedge fund IPO
Boston Globe – Fortress Investment Group plans to become the first publicly traded U.S. private equity and hedge fund this week in an initial public offering that will raise about $600 million and value the entire company at about $7 […]
SEC Examines Hedge Fund Tip-Offs
HedgeCo.Net (New York) – The Securities and Exchange Commission is investigating whether hedge funds are being tipped off about buy and sell orders placed by mutual funds. The Federal regulators that are conducting the probe, have asked approximately 10 major […]
A Personal Take On Hedge Funds
By Roy Mitchell 6 February 2007 –As that McGonagalistic nursery rhyme demonstrates, hedge fund performance can mean different things to differentpeople. The main reason I invested in a hedge fund was that I did not trust myself. When I had […]
Funds: Secretive Goldman hedge fund posts a rare loss
Herald Tribune -NEW YORK: Mark Carhart looked out over the packed New York conference room and told investors that Warren Buffett had it all wrong. Carhart, co-head of the quantitative strategies group at Goldman Sachs, used his speech in July […]
S.E.C. Is Looking at Stock Trading
New York Times – The Securities and Exchange Commission has begun a broad examination into whether Wall Street bank employees are leaking information about big trades to favored clients, like hedgefunds, in an effort to curry favor with those clients, […]